─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Stirling: Straightforward Financial Reporting for Qualifying Micro-Entities

FRS 105 Micro Entity Accounts are prepared under the financial reporting framework that applies to qualifying micro-entities in the UK. FRS 105 sits within the micro-entities regime, which is an available accounting regime rather than an automatic one — a company needs to meet the relevant eligibility conditions and then choose to apply it. For owners and directors in Stirling, that combination of simplicity and structure is often exactly what a small trading company wants, but it still requires the numbers to be presented correctly and consistently with the underlying records. Professional preparation starts with a review of the company’s financial records, its activities and its reporting obligations, so the accounts reflect the company’s actual circumstances rather than a one-size-fits-all template. It also helps to separate the accounts themselves from the other filings a company may have, such as a Corporation Tax Return (CT600) submitted to HMRC or a Confirmation Statement filed with Companies House. If you are unsure whether FRS 105 Micro Entity Accounts are the right route for your company, an initial conversation about your turnover, balance sheet and headcount is usually the quickest way to find out where you stand.

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FRS 105 Micro-Entity Accounts

(Turnover up to £100K)

£499.00

£399.00

+vat

FRS 105 accounts preparation
Accounting records review
Micro-entity eligibility review
Companies House filing where applicable
Corporation Tax support where included
Director review
FRS 105 accounting support

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Trusted by Micro-Entity Businesses Across the UK

From newly incorporated companies to established owner-managed businesses, our clients trust us to prepare their accounts accurately and handle their annual filing requirements.

      EXCELLENT  
   Based on 300 reviews 
    
 
 
 
   
 
 
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   Jamie Fletcher 
 
 
 
 Trustindex verifies that the original source of the review is Google. It was a pleasure working with Anum on our accounts. The whole process was swift and effortless, and it was one less thing to worry about. I'd highly recommend them.
  
 
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   Mansur Liman 
 
 
 
 Trustindex verifies that the original source of the review is Google. Accotax have been our accountants for many years now. We maintained them, because of their professionalism. In the last coiple of years, i have working with Imran, who has been very professional and helpful in guiding us through the whole process explaining and clarifying every aspect of it. Very prompt in responding to questions and patient with us even when we seem to be slow. I really enjoy working with him. Thank you
  
 
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   Muna Mohamoud 
 
 
 
 Trustindex verifies that the original source of the review is Google. I highly recommend Imran to anyone looking for a reliable and knowledgeable accountant. He helped me sort out a very complicated backlog of accounts and prepared my overdue tax returns with professionalism and attention to detail. Throughout the process, he was incredibly patient, took the time to answer all of my questions, and explained everything clearly. He guided me through each step and helped rectify issues that had built up over time, making what felt like an overwhelming situation much more manageable. I'm very pleased with the service I've received and truly appreciate his support. If you need help with your accounts or taxes, I would highly recommend Imran.
  
 
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   Sergey M 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a positive experience with Accotax. The work was completed promptly, my tax return was successfully filed, and I received a refund of overpaid tax. I found the cooperation efficient and helpful. Special thanks to Muhammad Saifullah for his assistance.
  
 
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   Ebba Qureshi 
 
 
 
 Trustindex verifies that the original source of the review is Google. Fabulous team at ACCOTAX - very efficient and good response time . Honest and professional with their work. I would highly recommend them even if you’re a young start up - or a large business they have it covered .
  
 
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   Mael Leboucher 
 
 
 
 Trustindex verifies that the original source of the review is Google. We worked with a few different accountants before finally settling with Accotax, and we’re really glad we did. Their team is great. Abdul is responsive and easy to reach whenever I have a question, which makes a big difference. They take the time to understand how our business works and what our needs are. They are very knowledgeable, and when they don’t have the answer straight away, they take the time to look into it and get back to us quickly. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing. She is professional, efficient, and follows the processes we have put in place together. She's also very quickin getting back to us whenever needed. We’re very happy to work with her and hope to continue doing so for as long as possible. Overall, Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.
  
 
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   3rd Hub 
 
 
 
 Trustindex verifies that the original source of the review is Google. Imran provides a very dependable and straightforward accounting service. He is always responsive and professional when managing our accounts. Excellent support.
  
 
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   Martin Tyrrell 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have really impressed to date with all dealings with Accotax highly enough. From day one, they've made what can often be a complicated and stressful part of running a business feel straightforward and hassle-free. A special mention has to go to Anum, who has been friendly, incredibly responsive, and genuinely cares about providing the best possible service. No question is ever too much trouble, and she consistently goes above and beyond to make sure everything is dealt with efficiently. I wouldn't hesitate to recommend you to anyone looking for an accountant they can genuinely trust.
  
 
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   Matthew Lyon 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great speedy service and very personable. Anum dealt with my income certificate and did everything quickly and helped me out massively. Very happy with the service provided.

─── FRS 105 EXPLAINED

FRS 105 Explained: What the Micro-Entities Regime Means for Your Company

In simple terms, FRS 105 is the UK accounting standard written specifically for micro-entities. It is the standard that applies when a qualifying company chooses to use the micro-entities regime for its annual financial statements. The regime is deliberately simplified: there is less disclosure than under larger-company standards, the accounts are shorter and easier to read, and the focus is on a clear, accurate picture of what the company owns, owes, earns and spends. That simplicity is valuable for directors who want financial statements they can actually understand, and for lenders, landlords or advisers who simply need a clean set of figures. The important point is that FRS 105 is not automatic. A company must first qualify under the micro-entity size conditions and any other applicable rules, and then decide to apply the regime. Once that choice is made, FRS 105 is the framework used to prepare the accounts. Many companies later find that familiarity with the format makes each year’s reporting quicker, while still keeping the figures grounded in proper bookkeeping and supporting records.

Who Can Use FRS 105 in the UK? Eligibility for the Micro-Entities Regime

FRS 105 is intended for companies that qualify for the UK micro-entities regime and choose to apply it — both parts matter. On the size test, for accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 applicable conditions: turnover of no more than £1 million, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. Meeting those figures is usually the starting point, not the whole answer. Other eligibility rules and exclusions apply, and certain entities are prevented from using the regime regardless of their size, so passing the thresholds does not guarantee that FRS 105 is available. There is also a practical question beyond eligibility: whether the micro-entities regime suits the company, given who will read the accounts and what they need from them. Some directors prefer the fuller disclosure of a different framework, particularly where a lender, investor or group parent expects more detail. For companies in Stirling and across the UK, the sensible approach is to review the current figures, check the rules that apply to your specific company, and then decide whether FRS 105 is the right fit before the accounts are prepared.

A company generally needs to meet at least 2 of these 3 conditions.

Business Turnover

Annual Turnover of £1 Million or less. (£632,000 previously)

Balance Sheet

Balance sheet total of £500,000 or less.(£316,000 previously)

Company Size

On an average 10 or less employees (10 or less previously)

─── What We Review

Everything Your Micro-Entity Company Is Required to Get Right

Most compliance problems are not deliberate. They come from a missed deadline, an accounts template that no longer matches FRS 105, or dividends taken without the paperwork to support them. Our review covers each area in turn and reports back in plain English.

FRS 105 Balance Sheet

A statutory balance sheet prepared to the FRS 105 format, using the reduced disclosure the micro-entities regime allows.

Profit & Loss Account

A profit and loss account prepared for your own records and for your Corporation Tax computation, without public filing.

Required Notes & Disclosures

Preparation of the notes and disclosures required for the company's accounts under the applicable reporting requirements.

Corporation Tax Support

Separate Corporation Tax support can be provided where included in the agreed service. The Corporation Tax calculation is governed by tax rules rather than FRS 105.

Companies House Filing

Your FRS 105 accounts filed with Companies House in the correct format, before your accounts filing deadline.

Director Copy Pack

A full signed copy of your accounts and tax return, ready for your bank, mortgage lender or accountant records.

─── How It Works

How Our FRS 105 Preparation Process Works

Share Your Records

Send your bank statements, sales and purchase records, expenses and payroll details through our secure digital platform.

We Prepare Your FRS 105 Accounts

Our accountants confirm you qualify for the micro-entities regime, then prepare your accounts and CT600 from your records.

Review & Approve

We send draft accounts with clear explanations of the figures, and adjust anything before anything is submitted.

We File Where Required

Once approved, we can assist with the relevant Companies House filing and any separately agreed tax submission.

─── WHY CHOOSE US

Why Choose Our FRS 105 Accountants?

We keep micro-entity accounts straightforward, transparent and easy to manage for busy company directors.

FRS 105 Accounts Support

The micro-entities regime is all we do, so your accounts are prepared to the right standard first time.

Paperless Onboarding

Get set up in minutes with a fully digital, secure process — no printing, posting or office visits.

Deadline Management

We track your Companies House and HMRC deadlines and prompt you early so late filing penalties are avoided.

Clear, Transparent Pricing

One transparent fixed fee covers preparation, the tax return and both filings. No hourly billing.

─── WHO WE HELP

FRS 105 Support for Micro-Entities Across the UK

From one-director businesses and freelancers to startups, consultants and online businesses that qualify for the micro-entities regime.

One-Director Companies

Straightforward FRS 105 accounts and Corporation Tax filing for owner-managed limited companies.

Freelancers & Contractors

Accounts and compliance support for contractors trading through a qualifying limited company.

Startups & Small Companies

Practical support for newly incorporated companies filing their first set of micro-entity accounts.

Dormant & Low-Activity Companies

Dormant company accounts and FRS 105 accounts for LLPs that meet the micro-entity thresholds.

Professionally Prepared FRS 105 Accounts and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts well is about matching the company’s real financial position to the reporting requirements that apply to it. The starting point is the company’s own records — bank transactions, sales and purchase information, payroll details, asset purchases and any loans or director balances — alongside a clear understanding of what the business actually does. From there, the financial statements are drafted in line with the applicable reporting framework, with the balance sheet, notes and supporting disclosures presented in a way that is consistent with the underlying figures. It is worth keeping two things distinct: the preparation of the accounts and their filing with Companies House, and the company’s separate Corporation Tax obligations, which are dealt with through a CT600 submitted to HMRC. Those are different exercises with different deadlines and different audiences, even though the figures should broadly agree. Working with an accountant on this means the accounts are built up methodically, questions about treatment are raised early, and you have a document that stands up to scrutiny from banks, landlords or anyone else who needs to see it. No accountant can guarantee how a third party will respond to a set of accounts, but careful preparation gives you the strongest possible starting point.

ICAEW

ACCA

AAT

Talk to Us About Your FRS 105 Micro Entity Accounts in Stirling

If your company may qualify for the micro-entities regime and you would like help with FRS 105 Micro Entity Accounts, the next step is a straightforward conversation. Tell us a little about your business, your accounting period and how your records are currently kept, and share your latest figures so we can assess whether FRS 105 is likely to be the right framework for you. If you are already trading, a summary of turnover, balance sheet total and average employee numbers is a useful starting point; if you are newly incorporated, we can talk through what will be needed once you begin trading. From there we can explain how the accounts would be prepared, what information we would need from you and how the accounts fit alongside your other filing obligations. Clear, transparent pricing and practical guidance come as standard, so you know what you are getting before anything begins.

─── FAQs

FRS 105 Accounts Preparation FAQs

Still unsure where you stand? Reach out to our UK team at info@microentityaccounts.co.uk and we will review your filing history with you.

What is FRS 105?

FRS 105 is the UK financial reporting standard for micro-entities. It sets out how qualifying companies that choose to apply the micro-entities regime prepare their annual financial statements, with a simplified format and fewer disclosures than the standards used by larger companies. The aim is to give a clear, accurate picture of the company's financial position without unnecessary complexity.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the UK micro-entities regime and decide to apply it. Meeting the size conditions is the main test, but other rules and exclusions can also apply, so qualifying is not purely a matter of turnover, balance sheet total or employee numbers. If your company is close to the thresholds, or has unusual features such as being part of a group, it is worth checking your position before assuming FRS 105 applies.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A qualifying company can choose to apply it — in which case FRS 105 is used — or it can prepare its accounts under a different framework such as FRS 102. Many qualifying companies choose FRS 105 because the accounts are shorter and simpler, but the decision should take account of the company's circumstances and who will be reading the accounts.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 applicable size conditions: turnover of no more than £1 million, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. Those conditions sit alongside other eligibility rules and exclusions, so meeting two out of three does not automatically mean a company can use the regime. It is also worth noting that the tests are applied to the company's own figures for the period in question.

What is the difference between FRS 105 and FRS 102?

Both are UK accounting standards, but they are aimed at different sizes of company. FRS 105 is the micro-entity standard and is deliberately pared back, with a simpler balance sheet, limited notes and fewer accounting policy choices. FRS 102 is the standard generally used by larger small companies and includes more disclosure and more options on how items are recognised and measured. Choosing between them can affect how the accounts look and how much work is involved each year.

Do FRS 105 accounts need to be filed with Companies House?

Yes — where accounts are prepared under FRS 105 for a company that is required to file accounts, those accounts are typically filed at Companies House as part of the company's annual accounts submission. The filing obligation is separate from the preparation work itself, and the format in which accounts can be delivered is changing over time, so it is worth confirming the current requirements for your period before you file.

Is a Corporation Tax Return (CT600) separate from FRS 105 accounts?

Yes, they are different things. FRS 105 accounts are the company's statutory financial statements, prepared under the micro-entities regime and normally filed at Companies House. A CT600 is the Corporation Tax Return submitted to HMRC to report the company's taxable profits and calculate what tax is due. The two should be consistent with each other, but they are prepared for different purposes, go to different organisations and can have different deadlines.

Can a new limited company use FRS 105?

It can, provided it meets the micro-entity conditions and any other applicable eligibility rules for the period in question, and chooses to apply the regime. A newly incorporated company with modest activity will often fall within the size thresholds in its early years, but the position should be checked against its actual figures rather than assumed. Getting the first set of accounts right also sets a useful pattern for the years that follow.